European Payments Council seeks innovative solutions for fraud prevention.
Highlights:
- EPC issues RFI for a new fraud information sharing platform.
- The initiative aims to enhance security for payment transactions.
- Stakeholders are invited to propose innovative solutions.
The European Payments Council (EPC) has issued a Request for Information (RFI) aimed at creating a fraud information sharing platform. This initiative is a part of the EPC’s ongoing efforts to bolster payment security across Europe.
Through this RFI, the EPC is inviting stakeholders to submit innovative proposals that can help in real-time fraud detection and prevention. The envisioned platform would support the secure sharing of fraud-related data among payment service providers.
Fraud in digital payments has become increasingly sophisticated, highlighting the need for enhanced collaborative measures. The EPC’s initiative signals a significant step toward addressing this challenge in the payments landscape.
